michaelcarloshenness michaelcarloshenness

25-09-2022
Mathematics

Answered

Igor went to his local loan shark (which is a person you do not want to borrow money from), for a $5000 loan that he said he could pay back with interest, the following week. The loan was given at 20% interest compounded weekly (yes, they do that). Igor got detained (temporarily jailed for cheating on a math test) and was unable to make the payment for one year

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